Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

problem 1: Define and prepare brief notes on each of the given:

a) Institute warranties
b) Sue and labor
c) Non-separation agreement
d) Average guarantee

problem 2: Define the term subrogation and give two illustrations of its application in marine insurance.

problem 3: What is the difference between implied and express warranties in the context of marine insurance? Give an illustration of each.

problem 4:

a) Identify the necessary features that require being present to constitute a general average loss as defined in the Marine Insurance Act 1906.

b) describe your answer with an illustration.

problem 5: Identify and describe the circumstances in which a return premium is allowed in marine insurance and how could the owner protect that return in the event of a total loss claim before expiry of the policy?

problem 6: Describe the purpose of the continuation clause (clause 2) in the Institute Time Clauses - Hulls 1/11/95.

problem 7: describe how the insurance period is dealt with after arrival of cargo at destination, under the Institute Cargo Clauses 1/1/82.

problem 8: A vessel sustains three partial losses on separate occasions. Before such damage was repaired, she was totally destroyed by fire. Describe fully how you would expect insurers to respond to this series of casualties. Give your reasoning.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M94624

Have any Question? 


Related Questions in Basic Finance

1 explain why an option is a derivative security2 is buying

1. Explain why an option is a derivative security. 2. Is buying an option more or less risky than buying the underlying stock? 3. What is the difference between an option's price and its payoff? 4. List five factors that ...

A spherical pellet containing pure solid a is suspended in

A spherical pellet containing pure solid A is suspended in a flowing liquid stream at 20°C. The initial diameter of the pellet is 1.0 cm, and the bulk liquid velocity is 5 cm/s. Component A is soluble in the liquid, and ...

1 identity theft what constitutes identity theft2 identity

1. Identity Theft. What constitutes identity theft? 2. Identity Theft. Is identity theft only perpetrated to acquire money, goods, or services? 3. Impact of Identity Theft. Aside from the financial losses, what other neg ...

Suppose one year ago a swiss investor bought one year us

Suppose one year ago a Swiss investor bought one year U.S. Treasury bills at a price of $9,500 with a maturity value of $10,000. The exchange rate at that time was 1.420 Swiss francs per dollar. Today, at maturity, the i ...

What is meant by the term prevailing torque what do we

What is meant by the term prevailing torque? What do we mean by the terms initial preload and residual preload? Why do they differ? What limits the usefulness of the so-called, long-form torque-preload equation? Explain ...

Assignmentwrite a 3- to 5-page essay about the ethical and

Assignment Write a 3- to 5-page essay about the ethical and financial implications of insider trading. Note: Some of the assessments in this course build upon each other, so you are strongly encouraged to complete them i ...

Finance1on a typical day park place clinic writes 1000 in

Finance 1. On a typical day, Park Place Clinic writes $1,000 in checks. It generally takes four days for those checks to clear. Each day the clinic typically receives $1,000 in checks that take three days to clear. What ...

Question1which of the following is considered a major

Question 1.Which of the following is considered a major process flow structure? Lead Time Fabrication Lean Manufacturing Project 2. ISO audits result in certifications that are done by first, second, or third parties. Wh ...

1 discuss the form of calculating risk for an investment

1. Discuss the form of calculating risk for an investment. Include the reference, from where you obtained the information. 2. Why companies pay dividends?

1 what does the reliability coefficient of a measure

1. What does the reliability coefficient of a measure indicate if it is .60? .OO? 1.00? 2. What does a correlation coefficient tell us? Why are correlation coefficients useful when assessing reliability? 3. What are the ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro